NetSuite Goes Global on ERP View

SAN FRANCISCO — On-demand software company NetSuite on Wednesday took the wraps off its new global services suite, designed to offer consolidated business management tools for companies with multiple regional or multinational subsidiaries.

NetSuite OneWorld, unveiled Thursday at a launch event here in the city’s financial district, supports customer relationship management (define), accounting, Enterprise Resource Planning (ERP) (define), e-commerce and business intelligence applications.

The offering, an add-on to NetSuite’s One System architecture, is designed to eliminate what CEO Zach Nelson called “the hairball” — the collection of multiple applications that add layers of complexity to an enterprise and kill the chance for real-time analysis.

“You will never solve the problem by having more systems, you will solve the problems with less systems,” he told the crowd gathered here at a launch event in the city’s financial district.

NetSuite targets OneWorld at companies with a global sales reach, making them likely to most acutely feel the difficulties of managing a host of business applications — difficulties that are e compounded when having to handle accounting across divisional or national boundaries.

Built around a dashboard that shows business operations in real time on a national, regional or global perspective, the service also uses a single, consolidated database for all of a company’s global units. It also offers instant currency conversions to aid in accounting across divisional and national boundaries.

As a result, a company’s Japanese business can be viewed in the dashboard in Japanese, with all sales displayed in yen, while another Asian division could look at those numbers in their local currency. If the country is headquartered in the U.S., business would be converted into dollars.

Such calculations are done in real time, with data from all of a company’s global units managed in OneWorld’s single database.

This article was first published on InternetNews.com. To read the full article, click here.

RELATED NEWS AND ANALYSIS

• Ethics and Artificial Intelligence: Driving Greater Equality

  FEATURE |  By James Maguire,
  December 16, 2020

• AI vs. Machine Learning vs. Deep Learning

  FEATURE |  By Cynthia Harvey,
  December 11, 2020

• Huawei’s AI Update: Things Are Moving Faster Than We Think

  FEATURE |  By Rob Enderle,
  December 04, 2020

• Keeping Machine Learning Algorithms Honest in the ‘Ethics-First’ Era

  ARTIFICIAL INTELLIGENCE |  By Guest Author,
  November 18, 2020

• Key Trends in Chatbots and RPA

  FEATURE |  By Guest Author,
  November 10, 2020

• Top 10 AIOps Companies

  FEATURE |  By Samuel Greengard,
  November 05, 2020

• What is Text Analysis?

  ARTIFICIAL INTELLIGENCE |  By Guest Author,
  November 02, 2020

• How Intel’s Work With Autonomous Cars Could Redefine General Purpose AI

  ARTIFICIAL INTELLIGENCE |  By Rob Enderle,
  October 29, 2020

• Dell Technologies World: Weaving Together Human And Machine Interaction For AI And Robotics

  ARTIFICIAL INTELLIGENCE |  By Rob Enderle,
  October 23, 2020

• The Super Moderator, or How IBM Project Debater Could Save Social Media

  FEATURE |  By Rob Enderle,
  October 16, 2020

• Top 10 Chatbot Platforms

  FEATURE |  By Cynthia Harvey,
  October 07, 2020

• Finding a Career Path in AI

  ARTIFICIAL INTELLIGENCE |  By Guest Author,
  October 05, 2020

• CIOs Discuss the Promise of AI and Data Science

  FEATURE |  By Guest Author,
  September 25, 2020

• Microsoft Is Building An AI Product That Could Predict The Future

  FEATURE |  By Rob Enderle,
  September 25, 2020

• Top 10 Machine Learning Companies 2021

  FEATURE |  By Cynthia Harvey,
  September 22, 2020

• NVIDIA and ARM: Massively Changing The AI Landscape

  ARTIFICIAL INTELLIGENCE |  By Rob Enderle,
  September 18, 2020

• Continuous Intelligence: Expert Discussion [Video and Podcast]

  ARTIFICIAL INTELLIGENCE |  By James Maguire,
  September 14, 2020

• Artificial Intelligence: Governance and Ethics [Video]

  ARTIFICIAL INTELLIGENCE |  By James Maguire,
  September 13, 2020

• IBM Watson At The US Open: Showcasing The Power Of A Mature Enterprise-Class AI

  FEATURE |  By Rob Enderle,
  September 11, 2020

• Artificial Intelligence: Perception vs. Reality

  FEATURE |  By James Maguire,
  September 09, 2020